SEC Form 4 · accession 0001385613-16-000188
GREENLIGHT CAPITAL RE, LTD. · GLRE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barton Hedges
Officer — Chief Executive Officer · Director
Period of report
Aug 4, 2016
Accepted (ET)
Aug 5, 2016 · 4:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001385613
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1,F2 | $19.87 | Aug 4, 2016 | A | 57,386 | A | — | Aug 4, 2026 | CLASS A ORDINARY SHARES | 57,386 | 57,386 | D |
Explanation of responses
- F1These stock options were granted pursuant to the amended employment contract dated July 26, 2012 by and among Greenlight Reinsurance, Ltd., and Barton Hedges.
- F2The options vest 25% on the date of grant, and 25% on each of the first three anniversaries of the grant date.